-
04-11-2019, 01:26 PM
#8391
 Originally Posted by Beagle
Long term hold, can't go wrong.
Put your offer orders in now and beat the queue 
For clarity, nothing I say is advice....
-
04-11-2019, 01:41 PM
#8392
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
05-11-2019, 10:15 AM
#8393
It is so obvious that there is no such thing as price manipulation. Those Thirteen buyers wanting a total of 171 shares are all genuine! even if there is one seller of 2225 two pips higher.
-
05-11-2019, 11:01 AM
#8394
Originally Posted by Beagle
LOL I would but for the fact that I'm well positioned already 
you didn't get my dig Beagle. I said offer , not bid. I am implying that your long term hold status will change soon enough
For clarity, nothing I say is advice....
-
05-11-2019, 02:55 PM
#8395
Originally Posted by peat
you didn't get my dig Beagle. I said offer , not bid. I am implying that your long term hold status will change soon enough
LOL yeah I missed it probably because I'm as happy as a pig in mud.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
09-11-2019, 09:44 AM
#8396
What did I miss this week? SUM gaps up Friday (32c for the week), RYM up, MET! up, even OCA gets some love. Retirement sector back in favour?
-
09-11-2019, 10:49 AM
#8397
Rotation out of defensive sectors of REIT's and Utilities to growth stocks.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
09-11-2019, 06:25 PM
#8398
Sector rotation is probably the answer, a large insto or group of investors probably looked around and saw valuations were out of control in other places but it hasn't really hit in the retirement industry. Current PE of 14.5 and forward PE on a $110m underlying profit would put it at a 15.90.
I'm not sure the retirement sector will really hit the saturation for a few more years yet on the demand side. The biggest sign is the obvious lousy sales numbers across all the companies. OCA still selling units from a retirement village built in a upmarket suburb by the beach 6 months after building it is a case study. Of course the weak sales in SUMs case, inability to ramp sales year after year suggests to me there isn't an insatiable demand for the product, and the pull back of the build rate is another case study.
Until it hits that kind of maturity, I think SUM and related companies will trade in this PE range until eventually becoming stable and surethings on the market as a whole. The early bird obviously gets the worm, and we can all look at what happens when you do get that maturity in how RYM trades compared to the rest, SUM included.
-
10-11-2019, 08:34 AM
#8399
Jeez sector rotation seems a bit like herd mentality ...wonder where they’ll drift off to next.
Or maybe it’s just the gurus finally realising the property market isn’t collapsing after all
At the top of every bubble, everyone is convinced it's not yet a bubble.
-
10-11-2019, 08:53 AM
#8400
Jeff doesn’t live on this thread
Last edited by winner69; 10-11-2019 at 08:54 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Reply With Quote
Bookmarks